Navigation Links
Pre-Owned Medical Devices Market is Expected to Reach USD 4.9 Billion Globally in 2019: Transparency Market Research
Date:11/14/2013

ALBANY, New York, November 14, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Pre-Owned Medical Devices Market (X-ray & Mammography, CT, MRI, Ultrasound, Nuclear Imaging and Medicine Devices, C-arm Devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global pre-owned medical devices market was valued at USD 2.4 billion in 2012 and is expected to grow at a CAGR of 10.6% from 2013 to 2019, to reach an estimated value of USD 4.9 billion in 2019.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/pre-owned-medical-devices-market.html

Pre-Owned medical devices are defined as the devices that were owned earlier by any healthcare institution and that are now subject to sale or repurchase after refurbishment. 'Refurbishment' is defined as restoration of the device to its original specifications including replacement of basic wear parts and aesthetic changes to a complete end-to-end refurbishment. The pre-owned medical devices market study is thus, of interest to the refurbishment service providers.

Globally, the pre-owned CT Machines accounts for a high growth market segment - expected to grow at a CAGR of over 10% during the forecast period. The new CT machines are comparatively expensive; typically the demand for refurbished pre-owned medical devices is price-elastic i.e. directly proportional to the price of the new medical devices. Hence, due to the high price of the new CT machines, the demand for the refurbished pre-owned CT machines is expected to be high during the forecast period. Currently, in terms of value, the refurbished pre-owned CT machines market accounts for the second largest segments in the refurbished pre-owned medical devices market.

Considering the lucrativeness of the refurbished pre-owned CT machines market, many OEMs have included refurbishing of pre-owned CT machines in their proprietary, organized and accredited programs. Due to this factor, although third-party refurbishers do exist, the OEMs have garnered a leading market share of the refurbished pre-owned CT machines market. The trade terms differ accordingly, as the OEMs offer discounts of only ~20% on refurbished pre-owned CT machines, whilst third-party refurbishers offer ~40% (or higher) discounts on refurbished pre-owned CT machines. The OEMs command premium price of refurbished pre-owned CT machines that is attributable to the branded service/solutions or accredited programs. Due to all afore-mentioned factors, the refurbishment business of pre-owned CT machines is a high-margin business for the OEMs.

Currently, in terms of geography, North America represents the largest market for refurbished pre-owned medical devices; the U.S. market has garnered a majority market share as the refurbishment of pre-owned medical devices originated in the U.S. There exists favorable perception and buying behavior of customer entities such as public hospitals, large private hospitals, clinics and diagnostic centers. A host of other factors contributing to the high market share of the U.S. include downturn in the economy, favorable supply-side infrastructure with large number of all categories of market participants - OEMs, third-party and standalone refurbishers.

The RoW market represents the smallest market for refurbished pre-owned medical devices (as compared to other geographical markets). Many of the countries in the RoW region have banned or discouraged the usage of refurbished pre-owned medical devices. None of the supply-side or the demand-side are developed due to such binding regulatory restraints. Due to this factor, the market growth rate is also expected to be the least (as compared to other geographical markets) during the forecast period.

The global (organized) market for pre-owned medical devices is dominated by the OEMs. The organized market for pre-owned medical devices is a consolidated market with OEMs namely GE Healthcare, Philips Healthcare and Siemens Healthcare garnering leading market share. There exists high entry-barrier for refurbishers in the organized market. The unorganized market for pre-owned medical devices is dominated by third-party and stand-alone refurbishers.

Related & Recently Published Reports by Transparency Market Research

The global pre-owned medical devices market is segmented as follows:

Pre-Owned Medical Devices Market, by Device Type

  • X-ray and Mammography Machines
  • CT Machines
  • MRI Machines
  • UltraSound Machines
  • Nuclear Imaging and Medicine Devices
  • C-arm Devices

Pre-Owned Medical Devices Market, by Geography

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Browse all Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Web: http://www.transparencymarketresearch.com/
Blog: http://www.tmrblog.com/
Blog: http://udallas.academia.edu/transparencymarketresearch/


'/>"/>
SOURCE http://www.transparencymarketresearch.com/
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Vasomedical Recorded 33% Year-over-year Growth in Revenue for the Third Quarter of 2013
2. Varian Medical Systems Exhibits New Flat-Panel Digital X-ray Image Detectors Designed for High Energy Industrial and Security Applications
3. Olympus Ranked Among Top 10 Innovators in Medical Devices and Services Industry
4. Vasomedical Again Named on Deloittes Technology Fast 500 List
5. Skyline Medical Appoints Stephen Zastrow as Senior Vice President of Sales
6. Concord Medical Reports Third Quarter 2013 Financial Results and Reiterates Financial Year Guidance Forecast
7. Global and Chinese Medical MRI Equipment Industry Report 2013
8. Current Regulatory Expectations Affecting the Validation of Reusable Medical Devices is Subject of Dec. 4th Seminar in Boston
9. CVS Caremark Appoints Dr. William Shrank as Chief Scientific Officer and Chief Medical Officer, Provider Innovation and Analytics
10. Mammoth Medical Missions Is Among the First to Provide Medical Assistance After Typhoon Haiyan Devastates the Philippines
11. Syneron Medical And Unilever Ventures Create Iluminage Beauty, A Global Joint Venture In Home Beauty Devices
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/24/2017)... , Mar 24, 2017 The Board ... the company,s Annual Report 2016 including the complete 2016 Annual ... and available on Nordic Nanovector,s website in the section Investor ... ... IR enquiries: Tone Kvåle, Chief Financial Officer Cell: +47-91-51-95-76 Email: ...
(Date:3/23/2017)... March 23, 2017  Transportation Insight, a multi-modal lead ... supply chain management firm with expertise serving clients in ... Rick Zaffarano was named a 2017 ... Chain by the only publication exclusively dedicated to covering ... chain. "Rick has brought to Transportation Insight ...
(Date:3/23/2017)... Summary Global ... guide Primary Hyperoxaluria - Pipeline Review, H1 2017, ... Urinary System And Sex Hormones) pipeline landscape. ... recurrent kidney and bladder stones. It results from ... include blood in the urine, pain when urinating, ...
Breaking Medicine Technology:
(Date:3/24/2017)... ... March 24, 2017 , ... As the standards bearer ... communications platform that positions them as the go-to thought leader in all matters ... publication as an always-on, always-fresh news, views and advocacy engine, called ONS Voice. ...
(Date:3/24/2017)... ... March 24, 2017 , ... ... ) announced their partnership to prep patients for colonoscopy at the HyGIeaCare® Center ... in 87th Ave., Miami, FL. , The HyGIeaCare® Prep, cleared by ...
(Date:3/24/2017)... ... ... “Vintage and Harvest A Cultivation of Christian Love” is the creation of ... Carolina with his wife, Anna Marie. He and his wife are the proud parents ... the author of “Shadow and Substance.” , “Love, the agape kind, is seen as ...
(Date:3/23/2017)... ... ... The physicians of KSF Orthopaedic Center PA are proud to announce the ... located at 2255 E. Mossy Oaks Rd., Suite 440, Spring, Texas 77389 inside the ... living in the north Houston area (The Woodlands, Conroe, Magnolia, Kingwood, Humble) with an ...
(Date:3/23/2017)... Grimsby, Ontario (PRWEB) , ... March 23, 2017 , ... The MBI “Hall of Fame” ... or whose acts have had a significant impact on the careers of all others involved. ... with NRB Inc. was inducted into the MBI’s Hall of Fame. The induction took ...
Breaking Medicine News(10 mins):